In today¡s society, many different nations will choose to answer the fundamental economic question: to what extent should the government intervene in the economy to protect the interests of society, in a variety of ways. One nation may support the system of public enterprise, placing their beliefs...

One of the most common economic terms, familiar even to the most ordinary consumers of business information is that of a recession.' However, the definition of a recession is more controversial than might initially be expected. A recession is not simply a period of economic contraction, ...

Keynesian Economics John Maynard Keynes is uncertainly one the most important figures in the history of modern economics. The son of the Cambridge economist and logician John Neville Keynes, John Maynard Keynes was born in Cambridge, England on June 5, 1883. Keynes was educated in Britain's m...

Herbert C. Hoover and Franklin D. Roosevelt were contemporaries andoutstanding Americans of the first half of the 20th century who both roseto the highest political office of their country. They are, however,remembered in history for widely contrasting reasons. While Hoover was aone-term Presi...

Roosevelt's New DealThe New Deal was a double-edged sword, a necessary evil, if you will. It both helped and hurt America and her people.FDR outlined his New Deal in a Fireside chat on Sunday, May 7, 1933. Trade and commerce were in decline. Over production of crops and goods continued, while dem...